Study on Portfolio of Open-end Funds Based on Double Factor Model
Yixia Wang · 2005
Liquidity and risk , the most important factors that affect the asset prices, are the key considerations of the open-end funds managers when they construct their portfolios. With the liquidity-risk matrix, this paper propose a double-factor model of portfolio constructing for the open-end funds. Through empirical study, the feasibility and efficiency of the model is proven.